New Wave Group Ab Class B · OMXSTO:NEWA_B
New Wave Group Ab Class B — Q2 2023 Earnings Presentation
30 slides from New Wave Group Ab Class B's earnings presentation, Aug 16, 2023
Slide 1: Interim Report January - June
ave Gr wW Cup 3 © WM, < & Trteriny Report January - June
Slide 2: Sales activity in own subsidiary
NWG / / THE WORLD Sales acitivity in own subsidiary New Wave Group is a growth group that designs, acquires and develops brands. To ensure good risk diversification, the Group will market its products in Own purchasing offices the promo market and the retail market. 2
Slide 3: Segments and sales channels
NWG // S E G M E N T S A N D S A L E S C H A N N E L S Our brands are categorized according to which of our three operating segments it belongs to: Corporate, Sports & Leisure or Gifts & Home Furnishings. The brands are distributed in both the promo market and the retail market to achieve good risk
Slide 4: The Segments
become porations Inited
Slide 5: Sports & Leisure
NWG // THE SEGMENTS Sports & Leisure The vision for the Sports & Leisure operating segment aeaves establishing Craft as a A world-leading sportswear brand, and making Cutter & Buck Ct leading golf apparel Sa The brand Auclair should take a leading position on gloves in and we will also use Paris Glo
Slide 6: Cutter & Buck new title partnership with Swedish Golf Association
NWG // T H E S E G M E N T S Cutter & Buck have signed new title partnership with the Swedish Golf Association for men. 6
Slide 7: New Wave Group acquire Tenson AB
NWG // T H E S E G M E N T S New Wave Group acquire Tenson AB New Wave Group have as of 1st of July, aqcuired 100% of the shares in the Swedish outdoor company Tenson AB. 7
Slide 8: The Segments
NWG // T H E S E G M E N T S 8
Slide 9: The Quarter at a glance
NWGe// THE QUARTER “ee at a glance a
Slide 10: The quarter
NWG // THE QUARTER The quarter New all time high for net sales despite a weaker market in both sales channels and we continue to gain market share Operating result improved by SEK 12.9 million compared to the previous year and amounted to SEK 363.9 (351.0) million Operating margin amounted to 15.8 (
Slide 11: April - June
NWG // F I N A N C I A L I N F O R M A T I O N April - June 11
Slide 12: Sales amounted to SEK 2,304.5 million
NWG // F I N A N C I A L I N F O R M A T I O N 2023 2 500 • Sales amounted to SEK 2,304.5 (2,019.2) million 2 000 733.0 • Sales increased by 14% (of which 772.6 currency 5% and acquisition 9%) 1 500 • Promo sales channel increased by 1 000 26%, retail decreased by 5% 1,571.6 1,246.6 500 0 Q2 -2023 Q
Slide 13: Net sales and operating result by segment
NWG // F I N A N C I A L I N F O R M A T I O N 1 400 5.0 1 200 3.8 1 000 800 600 1,226.6 566.9 600.6 915.3 400 50.4 200 302.2 280.9 161.0 168.2 42.7 0 Q2 -2023 Q2 -2022 Q2 -2023 Q2 -2022 Q2 -2023 Q2 -2022 13
Slide 14: Net sales by region and segment, Apr-Jun
NWG // F I N A N C I A L I N F O R M A T I O N Corporate Sports & Leisure Gifts & Home Furnishings Total SEK million Apr - Jun Apr - Jun Apr - Jun Apr - Jun Apr - Jun Apr - Jun Apr - Jun Apr - Jun Change 2023 2022 2023 2022 2023 2022 2023 2022 % USA 55.6 63.3 448.3 448.5 12.6 15.0 516.5 526.8 -2% Sw
Slide 15: Income statement Apr-Jun
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Apr - Jun Apr - Jun 2023 2022 2023 Net sales 2,304.5 2,019.2 • Gross profit margin amounted to 49.5 (51.0)% Goods for resale -1,164.8 -989.8 ― The decrease was related to Corporate and to Gross profit 1,139.7 49.5% 1,029.4 51.0% the Group’s
Slide 16: Segment operating result Q2
NWG // F I N A N C I A L I N F O R M A T I O N 2023 Corporate ― Higher sales in most regions, but a decrease 250 225.2 in the USA and Sweden 204.4 ― Lower gross profit margin due to acquired Q2 – 2023 200 business and trading Q2 – 2022 ― Acquired business contributed SEK 11.4 140.2 134.5 million 150
Slide 17: Cash flow Apr-Jun
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Apr - Jun Apr - Jun 2023 2022 Cash flow from operating activities before changes in working capital 259.7 346.0 Change in working capital -29.6 -277.9 Cash flow from operating activities 230.1 68.1 Investing activities -82.8 -55.2 Cash flow
Slide 18: Equity and net debt
NWG // F I N A N C I A L I N F O R M A T I O N 30 Jun 30 Jun 2023 2022 SEK million Equity 6,186.3 5,027.9 Equity ratio, % 54.9 59.0 Net debt, SEK million 2,649.9 1,356.1 Net debt to credit institutes, SEK million 2,000.9 695.2 Equity per share, SEK 46.62 37.88 18
Slide 19: Rolling 12 months income statement
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Rolling 12 months 2023 Net sales 9,489.4 Goods for resale -4,764.4 • Continuing rising sales and a operating Gross profit 4,725.0 49.8% margin, which amounts to 17.1% Other operating income 123.5 External costs -1,584.4 Personnel costs -1,30
Slide 20: January - June
NWG // F I N A N C I A L I N F O R M A T I O N January - June 20
Slide 21: Sales amounted to SEK 4,440.0 million
NWG // F I N A N C I A L I N F O R M A T I O N 2023 5 000 • Sales amounted to SEK 4,440.0 4 500 (3,794.1) million 4 000 3 500 1,541.9 • Sales increased by 17% (of which currency 6% and acquisition 9%) 3 000 1,464.6 2 500 • Promo sales channel increased by 24%, retail increased by 5% 2 000 1 500 2,89
Slide 22: Net sales and operating result by segment
NWG // F I N A N C I A L I N F O R M A T I O N 2 500 9.3 2 000 7.0 1 500 2,274.3 1,263.6 1 000 1,146.9 1,763.4 84.8 500 550.3 481.3 73.5 296.3 310.7 0 Jan - jun 2023 Jan - jun 2022 Jan - jun 2023 Jan - jun 2022 Jan - jun 2023 Jan - jun 2022 22
Slide 23: Net sales by region and segment, Jan-Jun
NWG // F I N A N C I A L I N F O R M A T I O N Corporate Sports & Leisure Gifts & Home Furnishings Total SEK million Jan - Jun Jan - Jun Jan - Jun Jan - Jun Jan - Jun Jan - Jun Jan - Jun Jan - Jun Change 2023 2022 2022 2022 2022 2022 2022 2022 % USA 125.5 132.0 884.4 783.0 26.3 29.0 1,036.1 943.9 10
Slide 24: Income statement Jan-Jun
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Jan – Jun Jan – Jun 2023 2022 2023 Net sales 4,440.0 3,794.1 • Gross profit margin amounted to 50.1 (49.4)% Goods for resale -2,217.4 -1,921.4 ― Primarily in Sports & Leisure Gross profit 2,222.6 50.1% 1,872.7 49.4% • External costs and pers
Slide 25: Segment operating result Jan-Jun
NWG // F I N A N C I A L I N F O R M A T I O N 2023 Corporate ― Higher sales in all regions except in the USA 500 428.6 and Sweden ― Lower Gross profit margin 450 ― Acquired business contributed SEK 20.9 million 400 Q2 – 2023 330.2 350 Sports & Leisure 268.2 ― Increased sales in all regions and both
Slide 26: Cash flow Jan-Jun
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Jan - Jun Jan - Jun 2023 2022 Cash flow from operating activities before changes in working capital 557.5 549.6 Change in working capital -520.5 -476.3 Cash flow from operating activities 37.0 73.3 Investing activities -123.5 -80.5 Cash flow
Slide 27: CEO comments: April - June, January - June
NWG // C E O C O M M E N T S April - June • The growth in the quarter was 14% (of which currency 5% and acquisition 9%) • We continue to gain market share • All time high for sales and operating result – again! • Good cost control • Operating margin amount to 15.8% compared to 17.4% previous year Ja
Slide 28: The future
NWG // C E O C O M M E N T S The future • Strong balance sheet • Continue to gain market share • Continue looking at acquisitions Torsten Jansson CEO 28
Slide 29: NWG //
NWG // We strive to make everyone who buys our products a happy customer. [f you choose to incest in New Wave Group we want you to know that we promise to take care of your investment in the best possible way we can through long term thinking, growth, stability and hard work!
Slide 30: NWG //
NWG // 30